Colliers International Hotel INNvestment Canada Report Q4 2017 (PDF Download)
Solid economic performance and record tourist arrivals continue to propel Canadas lodging sector as investors remain eager to invest in lodging real estate with $3.5 billion of transaction volume in 2017.
Canada’s economy shifted into high gear in 2017 with GDP expanding by 3.0%; the strongest growth rate since 2011 and registering as the fastest advance among the G7 countries1. Robust growth in employment and consumer spending, notable government infrastructure investment and a sizable rebound in oil prices continue to propel Canada’s economy with 2018 expected to expand by a healthy 2.1%1.
A new record for tourist arrivals in 2017 benefited Canada’s lodging sector with national RevPAR up 7.7% for the year as demand surged ahead by 3.2%, far outstripping supply growth of 0.8%2. Canadian hotel transaction volume of $3.5 billion was also notable with continuing favourable market dynamics and investor outlook driving positive momentum for 2018.